Green tailored deposit

About Westpac Green Tailored Deposit

Westpac’s Green Tailored Deposits are term deposits that have been certified to meet the Climate Bonds Standard, which is an internationally recognised scheme utilised to prioritise investments which genuinely contribute to addressing climate change. The deposit balances are associated with a defined pool of eligible assets and/or projects which meet the Climate Bonds Standard criteria, which are aligned with the Green Bond Principles.

The Climate Bonds Standard determines the eligibility criteria of projects and assets that can be regarded as contributing to the transition to a low carbon and climate resilient economy, in line with the goals of the Paris Climate Agreement. These assets and projects may include loans linked to renewable energy, low carbon transport, low carbon buildings and water infrastructure. The eligible assets are reviewed by an approved verifier (as defined under the Climate Bond Standard) on an annual basis to ensure ongoing conformance with the standard. More information about the Climate Bonds Standard can be found on the Climate Bonds Initiative website.

This information relates to Westpac’s Green Tailored Deposit product only and should not be interpreted otherwise. For information on Westpac and its activities please refer to Westpac’s annual reporting suite.

Verifications

Framework and reports

Investment criteria

Subject to a minimum deposit size of A$1,000,000 and a term of 1 to 5 years. (Note: Westpac may accept a lesser term at its discretion.)